RevolutExpert Review - Scams in the Forex market
Broker RevolutExpert, which operates in the UK, is a scammer with a tarnished reputation.
If we go to the official website of RevolutExpert - Revolutexpert.ltd, we will find that this organization provides Forex trading services in the UK. In addition, RevolutExpert offers services for financial activities.
Our specialists explored the RevolutExpert website, got acquainted with the terms of action, made a ride to get demo access to the services, investigated the availability of official documents, the place of registration of the organization.
With the help of this information, we will figure out: RevolutExpert - scam or not?
In addition, we will explain to you how not to fall for the bait of criminals, about their methods of work. We will tell you the necessary information in order to keep your investments safe.
RevolutExpert is based in an offshore country
The main signal that Revolutexpert.ltd are criminals is the region of registration. The company is documented in the Republic of the Marshall Islands, which is already suspicious, since Revolutexpert.ltd operates in England. Offshore regions attract the attention of criminals due to the absence of the need to comply with the law and regulation.
In addition, this state does not have the rights to work on the Forex market.
In addition, when our experts tried to find a legal address, references to the owners and management of RevolutExpert, they could not find anything.
This already hints that RevolutExpert is a criminal Internet broker, cooperation with which will result in large financial losses.
Lack of information about the directors of RevolutExpert
After examining the website, our experts could not find reliable information about the owners of Revolutexpert.ltd. No addresses, no phone numbers or other methods to get in touch.
Usually, this means that the real owners are trying to hide themselves in order to hide from answering for crimes. And even if you manage to reach out to one of the managers of RevolutExpert, then this will all end, and the real leaders of the shadow company will remain free with the money.
RevolutExpert, official website - RevolutExpert, has been up for less than thirty days
The official website of RevolutExpert speaks about the serious experience of operations in the Forex financial market.
The main method of studying any site is to obtain data about its domain name. Most often, they indicate the period of operation of the domain, the contact details of the owner.
In a specific case, the Revolutexpert.ltd domain has been operating for less than one month, and all information about the legal entity that owns it is hidden. Another proof that the owners of RevolutExpert are trying to preserve anonymity.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between the client and the Forex financial market.
At the same time, Revolutexpert.ltd themselves assure their users that they have been successfully trading on Forex for quite a long time.
Revolutexpert.ltd does not have a trial period
It is a common practice for brokers to provide users with a demo version of services in order for them to get acquainted with the interface, to test their skills in Forex operations with virtual currency.
Unfortunately, on the official website Revolutexpert.ltd, we could not find any mention of a demo period, an opportunity to try the software.
Probably the owners of the Revolutexpert.ltd company are most likely not going to provide traders with trial access to their service, since one of them is able to suspect something is wrong.
Online broker Revolutexpert.ltd works with a negative account
Official firms that operate on Forex do not use a negative balance in their work. By law, a broker's client cannot spend more than what is currently on his balance sheet. In those rare cases when the balance goes negative, the loan must be repaid not by the trader, but by the organization that provided the services.
Therefore, registered brokers do not use a negative balance in their activities.
However, RevolutExpert offers its users to work with a negative balance, that is, in debt.
What is it for?
In order to drive a client on credit and demand a debt from him. This is one of the most common scams used by bandits.
If this has already happened, you must remember that scammers have no way to collect money in accordance with the laws of England. Any methods of influencing you are considered illegal. The maximum that scammers are capable of is to call, send letters with demands.
You cannot work with Revolutexpert.ltd, as any agreements will turn out to be losses.
RevolutExpert operate with a credit ratio of one to four hundred or more
At this point, it becomes obvious that RevolutExpert are scammers. And yet, let's point out another fact, namely the existence of too much leverage.
Leverage is the ratio of the finances of users and brokers when concluding a transaction. Leverage allows significant trades to be made by traders who do not have large sums freely available.
In order to protect users of the Forex financial market, in civilized countries, the current legislation provides for the use of a credit ratio with a maximum ratio of 1 to thirty, sometimes fifty.
At the same time, RevolutExpert applies a credit ratio of one to 400 for trading activities in the Forex financial market.
Such an attitude is legalized in Switzerland, since organizations registered in this country enjoy high confidence. However, RevolutExpert is not registered in this country.
In fact, RevolutExpert is not authorized to conduct Forex transactions with such a credit ratio, due to the high risk to users. Accordingly, this is used solely to force the user not only to transfer more personal funds, but also to drive him into debt.
Regional divisions of RevolutExpert
It is considered solid for a financial company to have regional offices in developed regions, even if the work is carried out exclusively in the UK. Therefore, RevolutExpert informs that in addition to a significant number of awards, they have local branches in England, Australia and other civilized countries, and in addition about many experienced workers.
Checking the existence of these branches is elementary. Since there are specialized organizations that regulate the activities of online brokers. In England it's FCA, and in Australia it's ASIC.
Accordingly, the official company is obliged to have official documents from these or other structures that will prove their permitted right to provide services for making money on the Forex financial market, and determine the degree of responsibility.
However, after analyzing the profile sites, we could not find them. This once again confirms the fears.
For registration on Revolutexpert.ltd, it is necessary to transfer personal data
As we mentioned earlier, RevolutExpert does not have a demo period and because of this, in order to gain access, you must immediately transfer the minimum payment to RevolutExpert criminals. In addition, access to the Revolutexpert.ltd personal account is possible only upon successful completion of client verification.
This means that RevolutExpert requires its customers to submit data such as:
- Information about an individual (passport, birth certificate);
- Data on the permanent place of residence (payments for a communal apartment);
- Information about the place of work, qualifications, experience.
Also, during the initial payment, fraudsters are able to access card data.
As a result, this data may enable criminals to hang a loan on a trader, or implement other criminal frauds.
Since you need to transfer your confidential information to register on the Revolutexpert.ltd website, our specialists have not been able to access the RevolutExpert personal account and services for transactions on the Forex market.
Reviews about RevolutExpert
The most important point of exposing RevolutExpert is the analysis of user reviews.
A detailed study of the issue in search engines allowed us to obtain the following data:
- Most of the RevolutExpert reviews online are fake. These are positive reviews similar to each other and mentions of a paid character;
- All real mentions and comments about RevolutExpert are bad. Our experts were unable to identify reliable references and comments from former clients of Revolutexpert.ltd, which would indicate a decent profit, successful trading.
- Negative mentions and comments are related to illegal activities, theft of finances, artificial creation of credit.
Accordingly, reviews of RevolutExpert report that this Internet broker is a criminal.
Contact details and official documents RevolutExpert
Studying the information on Revolutexpert.ltd, our employees found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal internet broker. Also, there are many reviews on the network about fraudulent activities associated with the phone number listed on Revolutexpert.ltd.
Withdrawing money from Revolutexpert.ltd
Are you going to make money with an online Forex broker? Make sure that you can take away investments from him.
After analyzing the user agreement on the RevolutExpert website, we did not find any information available on the withdrawal methods. In addition, our employees identified a description of fines for the inactivity of a personal account, while there was no information about the amounts. Since the bandits do not work in the legal field, these requisitions cannot be canceled.
That is, if a client has ceased cooperation with RevolutExpert, they may be disturbed by calls and spammed with a demand to pay a fine.
How does RevolutExpert work?
Suspicious and the way to search for new users, which uses RevolutExpert.
Fake social media accounts are used for advertising, in which fake users broadcast how they instantly managed to make a profit working on the Forex financial market with the help of RevolutExpert. Ad accounts showcase expensive cars and houses, travel to resorts, and other signs of a prosperous life.
Non-existent people promise a quick income for which you do not need to study or make a lot of effort.
If a client gets in touch with them, RevolutExpert managers report the reality of a quick income, as well as the unique features of their software that will allow you to instantly earn serious money.
Then all sorts of tricks are used to get the maximum amount of funds from the trader. For example, a client can arrange a small profit in order to motivate them to give more money.
When the work on the Forex financial market is negative, the representative of the organization will offer to transfer even more in order to compensate for the losses.
RevolutExpert employees act according to guidelines developed by experienced psychologists. Fraudsters study data about a trader in order to act on vulnerabilities and lure out more deposits.
In any case, it all boils down to one of the results:
- If you decide to get the money before you get into loans, you will be fined, have your assets closed, and do everything to make you pay even more;
- When you let the criminals drive the account into the red, threats will go, the bandits will begin to extort the return of a fictitious debt.
Another method to make a profit for RevolutExpert can be the sale of your personal data to third parties. We assume that, after that, information about you will be available for a modest amount on some anonymous community on the shadow Internet.
Most likely, as a result of this, you will be spammed by various bandits, sales managers, etc. It is also worth waiting for messages from Revolutexpert.ltd associates who will offer a "return" of lost deposits, of course for a fee.
Since RevolutExpert does not operate in a regulated field and remains anonymous, Revolutexpert.ltd cannot be compelled to respond under current law in the UK. The owners of the fraudulent firm are skillfully disguised and, at best, law enforcement agencies will be able to arrest one of the “employees”.
Should I trust RevolutExpert?
If you are going to give money to bandits, then transfer it to charity.
In short, we will voice the facts indicating that RevolutExpert are scammers:
- No official registration;
- No demo period;
- Lack of information about the owners of the organization;
- Phone detected in shady schemes;
- Negative balance;
- Leverage greater than 1 to 50;
- Negative reviews;
- False information on the website.
Detailed review of RevolutExpert - finished. It is clear that RevolutExpert are scammers.